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Environment, Extinction

December 8

21 new species in danger of extinction: UN convention

Twenty-one animal species, including the cheetah, three dolphin families and an Egyptian vulture, were added to the list of those in danger of extinction by a UN conference that ended Friday.

Six other bird species as well as manatees have also been placed on the list of animals benefiting from increased protections, called list I.

In addition, next year has been proclaimed the “year of the gorilla” to help the survival of threatened species.

Source: AFP  

Environment, Peak Oil

December 3

What Does Barack Know About Peak Oil?

For instance, does Mr. O know that global oil production appears to have peaked at around 85 million barrels a day, with poor prospects of ever getting beyond that? This single naked fact has broad ramifications, above all, whether we can continue to think in terms of industrial “growth” as the benchmark for economic health. There are many interpretations of the current financial fiasco. Some of them are based on long-term technical wave theories. A more down-to-earth view suggests the shock of peak oil – though it doesn’t exclude wave theories.

Source: Alternet  

Pentagon to Detail Troops to Bolster Domestic Security

The U.S. military expects to have 20,000 uniformed troops inside the United States by 2011 trained to help state and local officials respond to a nuclear terrorist attack or other domestic catastrophe, according to Pentagon officials.

There are critics of the change, in the military and among civil liberties groups and libertarians who express concern that the new homeland emphasis threatens to strain the military and possibly undermine the Posse Comitatus Act, a 130-year-old federal law restricting the military’s role in domestic law enforcement.

Before the terrorist attacks of Sept. 11, 2001, dedicating 20,000 troops to domestic response – a nearly sevenfold increase in five years – “would have been extraordinary to the point of unbelievable,” Paul McHale, assistant defense secretary for homeland defense, said in remarks last month at the Center for Strategic and International Studies. But the realization that civilian authorities may be overwhelmed in a catastrophe prompted “a fundamental change in military culture,” he said.

Source: Washington Post  

Economy/Finance

November 24

U.S. Pledges Top $7.7 Trillion to Ease Frozen Credit

The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.

The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis.

Source: Bloomberg  

Economy/Finance

November 18

Financial Crisis Tab Already In The Trillions

Given the speed at which the federal government is throwing money at the financial crisis, the average taxpayer, never mind member of Congress, might not be faulted for losing track.

CNBC, however, has been paying very close attention and keeping a running tally of actual spending as well as the commitments involved.

Try $4.28 trillion dollars. That’s $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources*.

Source: CNBC  
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